Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Brown Shipley to overhaul fund range

Brown Shipley to overhaul fund range

Brown Shipley is planning to revamp its suite of funds later this year in a process that will include the launch of two new products.

The existing £40.5 million UK Flagship fund will change from a UK large-cap equity strategy to a balanced mandate, including UK and overseas equities and fixed income exposure.

To reflect this it will be renamed the Brown Shipley Dynamic fund, and its management will transition to Simon Nicholas, who appeared in Citywire Wealth Manager’s Top 100 in fund selection in 2013.

Current manager John Smith, who joined Brown Shipley in 1994 after an investment career that began in 1973, will continue to assist on the UK equity side over the next six to 12 months ahead of his retirement.

Former Aberdeen and Cazenove manager Nicholas (pictured) will retain responsibility for the Brown Shipley £23.3 million Income and £22.7 million Growth funds, as well as newly launched cautious and balanced funds. These funds will reflect existing client mandates run by Brown Shipley’s investment team.

Income has returned a top-quartile 21.8% over the past three years, compared with an average of 16.9% from its Mixed Assets – Balanced peer group, and Growth 21.3% versus 15.3% from its Mixed Assets – Flexible sector.

The £146 million Brown Shipley Sterling Bond fund, managed by Citywire + rated Kevin Doran, will not be affected by the changes to the range. Over the past three years it has returned 28.2%, a top-quartile performance in its Sterling Corporate Bond sector where the average fund has generated 23.6%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Simon Nicholas
Simon Nicholas
12/12 in Equity - Global ex UK (Performance over 3 years) Average Total Return: 35.54%
Kevin Doran
Kevin Doran
3/62 in Bonds - Sterling Corporate Bond (Performance over 3 years) Average Total Return: 26.35%
John Smith
John Smith
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter